Funding your Pera Card

The process of funding your Pera Card on the Algorand network is characterized by an exceptional degree of simplicity and efficiency, primarily due to two inherent advantages of the platform:

• Minimal Transaction Costs: Algorand's architecture features remarkably low gas fees, which translates into cost-effective transactions for users. This economic efficiency is particularly beneficial for microtransactions and frequent funding, ensuring that the financial overhead does not diminish the value of your operations.
  
• Instantaneous Transaction Settlement: The concept of instant finality on Algorand means that once a transaction is confirmed, it is immediately settled with finality. This eliminates waiting periods typical in other blockchain systems, providing users with the immediacy required for real-time financial management.

How to Deposit

Upon receiving approval for your Pera Card, the subsequent steps to fund it are as follows:

1. Access Your Card: Navigate to the designated section of your Pera platform where your card details are displayed. This is found within the 'Cards' tab.
2. Initiate a Deposit: Select the option to deposit funds into your card. You will be prompted to specify the amount you wish to transfer.
3. Confirm the Amount: After verifying the amount you intend to deposit, proceed by selecting the 'Deposit' button. This action will prompt a transaction confirmation.
4. Authorize the Transaction: The final step involves signing the transaction. This digital signature serves as your authorization, leveraging blockchain's security features to ensure that your action is both authenticated and immutable.

How to Withdraw

Upon funding your Pera Card, the subsequent steps to withdraw it are as follows:

1. Access Your Card: Navigate to the designated section of your Pera platform where your card details are displayed. This is found within the 'Cards' tab.
2. Initiate a Withdrawal: Select the option to withdraw funds into your card. You will be prompted to specify the amount you wish to transfer.
3. Confirm the Transaction: After meticulously verifying the amount you intend to withdraw, proceed by selecting the 'Withdraw' button. This action will prompt a transaction confirmation.
4. Authorize with Digital Signature: The final step involves signing the transaction. This digital signature serves as your authorization, leveraging blockchain's security features to ensure that your action is both authenticated and immutable.

Updated on: 14/05/2025